XLP Options History — June 2025

In June 2025, XLP traded between $80.03 and $82.87. ATM implied volatility averaged 12.4%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 1.6% (HV 20d: 10.8%). Max pain ranged from $78.00 to $81.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 2.03.

Notable Days

2025-06-05: Highest Volume — 29,119 contracts
2025-06-04: Largest IV drop — 15.6% change
2025-06-03: Highest IV Rank — 23.9%
2025-06-13: Largest Expected Move — 3.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$81.31	$80.03	$82.87	$82.78	$80.91
Max Pain	$79.65	$78.00	$81.00	$81.00	$81.00
ATM IV	12.4%	11.4%	14.3%	12.8%	12.2%
Expected Move	3.5%	3.3%	3.9%	3.4%	3.3%
HV 20d	10.8%	9.6%	12.1%	11.2%	10.0%
HV 60d	19.1%	18.5%	19.9%	19.9%	18.5%
IV Rank	16.2%	12.4%	23.9%	17.8%	15.4%
IV Percentile	48.3%	27.8%	79.8%	57.9%	43.7%
Term Structure	0.7%	-0.1%	3.1%	-0.1%	0.5%
VWIV	13.0%	11.9%	14.9%	12.5%	12.1%
Skew 25d	3.3%	1.1%	11.5%	3.7%	3.3%
Skew 10d	4.9%	-0.7%	11.0%	6.9%	9.1%
Call IV 25d	11.2%	9.2%	12.7%	11.2%	11.3%
Put IV 25d	14.5%	10.3%	22.4%	14.8%	14.5%
Bid-Ask Spread %	60.01	36.43	78.26	39.63	59.98
Gamma HHI	0.14	0.07	0.57	0.12	0.08
Net GEX	-5.5M	-44.3M	117.8M	21.4M	-14.4M
Net DEX	14.7M	-311.7M	248.4M	-299.4M	67.2M
Net VEX	-2.7M	-3.2M	-2.3M	-3.2M	-2.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.03	0.29	5.58	1.61	2.67
Total Volume	11,446	3,277	29,119	14,559	6,103
Total OI	400,623.15	246,536	476,209	439,890	248,862

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$82.78	$81.00	12.8%	3.4%	11.2%	17.8%	12.5%	3.7%	-0.1%	21.4M	-299.4M	-3.2M	1.61	39.63	5,568	8,991	160,692	279,198
2025-06-03	$82.87	$81.00	14.3%	3.4%	11.2%	23.9%	12.4%	3.7%	0.7%	22.2M	-311.7M	-3.1M	0.40	36.43	2,833	1,132	163,706	286,685
2025-06-04	$82.41	$81.00	12.1%	3.4%	11.4%	15.1%	12.6%	2.6%	0.4%	14.8M	-239.2M	-3.0M	0.73	42.27	2,098	1,532	164,254	287,170
2025-06-05	$81.52	$78.00	12.8%	3.6%	12.1%	17.9%	14.9%	3.7%	0.0%	-22.7M	1.2M	-3.1M	3.00	65.56	7,278	21,841	164,904	287,828
2025-06-06	$81.72	$79.00	12.0%	3.4%	12.1%	14.6%	13.7%	2.0%	0.8%	-18.3M	-42.8M	-3.1M	1.24	58.61	10,203	12,664	170,078	296,956
2025-06-09	$81.65	$79.00	12.3%	3.5%	11.8%	15.8%	12.6%	3.2%	-0.1%	2.2M	-79.2M	-2.9M	0.92	62.42	2,373	2,176	172,720	292,728
2025-06-10	$81.63	$79.00	11.5%	3.4%	11.8%	12.7%	12.1%	1.9%	0.5%	-1.8M	-55.0M	-3.0M	0.30	59.25	3,288	994	172,153	293,789
2025-06-11	$81.34	$79.00	12.2%	3.6%	11.6%	15.6%	13.2%	3.2%	0.5%	-21.7M	42.1M	-3.0M	4.74	68.58	1,071	5,081	174,015	299,920
2025-06-12	$81.81	$79.00	11.4%	3.4%	11.3%	12.4%	12.7%	3.2%	0.7%	-4.8M	-81.1M	-2.9M	5.58	68.42	954	5,319	173,714	299,539
2025-06-13	$80.78	$79.00	12.6%	3.9%	10.7%	17.3%	13.6%	3.8%	2.4%	-39.3M	211.6M	-3.0M	0.72	68.41	7,448	5,374	174,020	299,262
2025-06-16	$81.19	$79.00	11.8%	3.4%	9.9%	14.0%	12.7%	3.1%	0.1%	-15.4M	67.1M	-2.7M	0.29	49.94	7,840	2,298	175,738	296,554
2025-06-17	$80.63	$79.00	12.5%	3.6%	10.1%	16.8%	13.0%	2.6%	0.8%	-36.0M	202.6M	-2.7M	4.04	59.69	4,833	19,543	180,806	295,403
2025-06-18	$80.59	$79.00	12.3%	3.5%	9.9%	15.9%	13.5%	3.3%	0.8%	-44.3M	248.4M	-2.5M	0.51	73.77	18,575	9,460	180,003	295,824
2025-06-20	$80.85	$79.00	12.8%	3.6%	9.6%	17.8%	12.6%	2.8%	-0.1%	117.8M	164.1M	-2.5M	3.48	78.26	3,091	10,747	179,504	289,938
2025-06-23	$81.37	$80.00	13.0%	3.8%	9.8%	18.7%	13.4%	3.2%	3.1%	-4.9M	27.1M	-2.5M	1.23	59.01	2,901	3,555	91,616	154,920
2025-06-24	$81.44	$80.00	11.6%	3.5%	9.8%	12.9%	13.2%	1.1%	0.8%	-2.7M	12.7M	-2.4M	1.47	61.71	1,329	1,948	93,470	156,754
2025-06-25	$80.23	$80.00	12.0%	3.5%	10.6%	14.8%	11.9%	1.9%	0.9%	-18.0M	111.3M	-2.4M	2.03	64.35	2,999	6,087	94,208	157,944
2025-06-26	$80.03	$80.00	12.5%	3.6%	10.5%	16.5%	13.8%	2.9%	0.7%	-21.8M	142.0M	-2.4M	0.96	63.84	6,959	6,661	94,998	160,497
2025-06-27	$80.45	$81.00	12.6%	3.4%	10.7%	17.1%	12.8%	11.5%	1.2%	-21.4M	104.7M	-2.4M	4.78	60.15	999	4,774	91,116	160,977
2025-06-30	$80.91	$81.00	12.2%	3.3%	10.0%	15.4%	12.1%	3.3%	0.5%	-14.4M	67.2M	-2.3M	2.67	59.98	1,665	4,438	89,369	159,493